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“Growth in connected vehicles and rising demand for enhanced user experience and convenience features to fuel the demand for automotive cockpit electronics market”

The global automotive cockpit electronics market is projected to reach a market size of USD 51.54 billion by 2022, growing at a CAGR of 8.60% from 2017 to 2022. The major factors driving the growth of this market include the growth in connected cars, rising demand for enhanced user experience and convenience features, and integration of smartphones with vehicles. The rising trend of hybrid vehicles equipped with advanced automotive cockpit electronics systems is also an important factor to be considered.

“The instrument cluster is estimated to be the largest segment of the automotive cockpit electronics market in terms of volume”

The instrument cluster is estimated to hold the largest market size, by volume, of the automotive cockpit electronics market in 2017. This is due to the rise in demand for automobiles across the globe, with every vehicle equipped with a basic or advanced instrument cluster. Infotainment & navigation is estimated to have the second largest market share in the automotive cockpit electronics market as the demand for premium features is increasing rapidly in the automotive industry.

“The Mid-Priced Passenger Vehicle is estimated to be the largest segment”

The mid-priced passenger vehicle is estimated to hold the largest market size during the forecast period. This is because most of the mid-priced passenger vehicles are now equipped with the infotainment unit, combiner HUD, and basic telematics applications. These systems were initially equipped in the luxury vehicles only. The reducing cost of components along with increasing competition among major players across the ecosystem has also helped to reduce the overall cost of electronics systems. This has led to the inclusion of these features in the mid-priced passenger vehicles at an affordable price.

“Asia-Pacific is estimated to be the largest market for automotive cockpit electronics in terms of volume”

In 2017, the largest regional market for automotive cockpit electronics is the Asia-Pacific market. The market growth in the region can be attributed to the rising disposable income in developing countries like India and China and demand for premium and comfort features. The Asia-Pacific market is also the fastest growing market, in terms of value. It is dominated by China, a key market for automotive cockpit electronics in the region.

The study contains insights provided by various industry experts, ranging from automotive cockpit electronics manufacturers to automobile OEMs and various automotive associations. The break-up of the primaries is as follows:

- Market Penetration: The report provides comprehensive information on automotive cockpit electronics offered by the top players in the industry.
- Regulatory Framework: The report offers detailed insights into norms leading to the application of cockpit electronics such as telematics control unit and the effect of the regulations on the market.
- Market Development: The report provides comprehensive information on various cockpit electronics technology trends. The report analyzes the markets for various automotive cockpit electronics technologies across the countries.
- Market Diversification: The report provides exhaustive information about emerging technologies, recent developments, and investments in the global automotive cockpit electronics market.
- Competitive Assessment: The report offers an in-depth assessment of strategies, services, and manufacturing capabilities of leading players in the global automotive cockpit electronics market.

プレスリリース

The report "Cockpit Electronics Market for Automotive by Product (HUD, Information Display, Infotainment & Navigation, Instrument Cluster, and Telematics), Type (Basic and Advanced), End Market, Fuel Type, and Region - Global Forecast to 2022", The cockpit electronics market for automotive is projected to grow at a CAGR of 8.60%, from USD 34.12 Billion in 2017 to USD 51.54 Billion by 2022.

The major factors driving the growth of the automotive cockpit electronics market are growth in connected vehicles, rising demand for enhanced user experience and convenience features in the vehicle, and integration of smartphones with vehicles.

The basic cockpit electronics segment is estimated to be the largest market in the cockpit electronics marketforautomotive

The basic cockpit electronics segment is estimated to have the largest market share. This can be attributed to the rising demand for basic electronic equipment such as combiner HUDs, infotainment units, and basic telematics in economic and mid-priced passenger cars.

Head-Up Display is estimated to be the fastest growing product in the cockpit electronics market for automotive

Head-Up Display (HUD) is estimated to be the fastest growing segment in the automotive cockpit electronics market, by product, due to its safety and convenience features. HUD shows the necessary information such as current speed, navigation, and temperature on the windshield. It, therefore, prevents the driver from distracting the eyesight and helps to stay focused on the road. This is a safety feature as the driver does not need to take his eyes away from the windshield.

North America: Second Largest region in Cockpit Electronics Market for Automotive

North America is estimated to be the second largest market, by value, for automotive cockpit electronics in 2017. The market growth in the region can be attributed to the high-income levels, changing consumer preferences, and rapid technological advancements. Increased awareness of safety features has also fueled the demand in the region. Germany is estimated to be the largest automotive cockpit electronics market in Europe. Germany also accounts for one of the biggest shares in the global automotive cockpit electronics market. The registration of cars in the European Union has been observed to be increasing on year on year basis. Thus, there is a huge growth opportunity for the automotive cockpit electronic companies in the near future.